The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Invests in Digital Assets Fund

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In Wednesdays edition of The Daily we cover a number of stories that show how despite the ongoing bear market, the field continues to attract major investments and cryptocurrency companies keep on expanding their services.

Blockchain.com Launches New Bitcoin Cash Block Explorer

F1 Team Gets Crypto Sponsor

Cryptocurrency venture Futurocoin has announced its signed a two-year deal to partner the Aston Martin Red Bull Racing Formula One (F1) team. According to the deal, the companys branding will be featured on the RB15 F1 cars driven by Max Verstappen and Pierre Gasly, and its logo will also be seen on the drivers overalls and the team transporters.

In recent years, the rise of blockchain technology and cryptocurrencies has been truly remarkable, and were delighted to be the first Formula One team to embrace this, through our partnership with Futurocoin, said Aston Martin Red Bull Racing Team Principal, Christian Horner. Secure digital currencies are on the leading edge of technological development and we are very excited to be part of this revolution.

The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Invests in Digital Assets Fund

Aston Martin Red Bull Racing won the F1 constructors and drivers world championships in four consecutive years between 2010 and 2013, and has a total of 59 total Grand Prix wins. Cryptocurrencies and Formula One are very similar and their values are much alike; speed, technology and being ahead of their time, said founder Roman Ziemian. Im a huge fan of motorsport and F1 has always intrigued me. The sponsorship is an exciting new chapter for our company and will be a global platform for us to drive awareness of Futurocoin.

Dubai Royal Invests in Digital Assets Fund

Liechtenstein-based cryptocurrency investments fund Invao has been selected as the exclusive international partner for blockchain investments by Dubais Seed Group, owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. Believed to be one of the worlds wealthiest royals, Al Maktoum is the CEO of Emirates Group, chairman of Dubai World, chairman of the Dubai Supreme Fiscal Committee, and second vice chairman of the Dubai Executive Council.

The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Invests in Digital Assets FundSheikh Ahmed bin Saeed Al Maktoum

Frank Wagner, CEO of the fund, said: This represents a seal of approval from an association of elite business minds across the UAE. At INVAO, we have the extensive experience, tact, and resources to contribute to the ascent of the UAE as a bonafide world leader in blockchain technology and look forward to helping this vision to crystallize. INVAOs recent activity across the Middle East has shone a light on the regions fertile ground for sustained growth and innovation.

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Tags: Formula One, Dubai, Funding, Digital asset, Bitcoin Cash, Red Bull Racing, Max Verstappen, Pierre Gasly, Christian Horner, The Emirates Group